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NYSE:BFLY

Butterfly Network (BFLY) Stock Forecast, Price & News

$1.22
+0.06 (+5.17%)
(As of 09/21/2023 ET)
Compare
Today's Range
$1.13
▼
$1.38
50-Day Range
$1.17
▼
$2.64
52-Week Range
$1.13
▼
$5.30
Volume
5.40 million shs
Average Volume
2.34 million shs
Market Capitalization
$252.09 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.42
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Butterfly Network MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
344.0% Upside
$5.42 Price Target
Short Interest
Bearish
16.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.67mentions of Butterfly Network in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$336,836 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.59) to ($0.52) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Medical Sector

191st out of 961 stocks

X - Ray Apparatus & Tubes Industry

3rd out of 6 stocks

See Top Rated MarketRank™ Stocks Here

BFLY stock logo

About Butterfly Network (NYSE:BFLY) Stock

Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure. The company also provides Butterfly system, which includes probes, and related accessories and software subscriptions to healthcare systems, physicians, and healthcare providers through a direct sales force, distributors, and eCommerce channel. In addition, it offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, and formal education programs through its Butterfly Academy software, as well as clinical support and services. Butterfly Network, Inc. was founded in 2011 and is headquartered in Burlington, Massachusetts.

BFLY Price History

BFLY Stock News Headlines

September 21, 2023 | msn.com
Butterfly House free admission for 25th anniversary
September 21, 2023 | americanbankingnews.com
Butterfly Network (BFLY) vs. Its Competitors Critical Comparison
September 21, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
September 21, 2023 | americanbankingnews.com
Butterfly Network (BFLY) & The Competition Head to Head Contrast
September 21, 2023 | americanbankingnews.com
Head-To-Head Contrast: Butterfly Network (BFLY) and Its Rivals
September 14, 2023 | tmcnet.com
Butterfly Network Reports Success in Majority of U.S. Medical Schools; Includes Nation's Largest Medical School, Indiana University School of Medicine
September 14, 2023 | finance.yahoo.com
Butterfly Network Reports Success in Majority of U.S. Medical Schools; Includes Nation’s Largest Medical School, Indiana University School of Medicine
September 11, 2023 | americanbankingnews.com
Butterfly Network, Inc. (NYSE:BFLY) CTO Sells $21,713.64 in Stock
September 21, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
September 9, 2023 | finance.yahoo.com
Insider Sell: Andrei Stoica Sells 11,674 Shares of Butterfly Network Inc (BFLY)
September 6, 2023 | finance.yahoo.com
With 37% ownership, Butterfly Network, Inc. (NYSE:BFLY) has piqued the interest of institutional investors
August 28, 2023 | msn.com
Butterfly Network: Will Pivot To AI Be Enough To Restart Growth?
August 5, 2023 | finance.yahoo.com
Butterfly Network, Inc. (NYSE:BFLY) Q2 2023 Earnings Call Transcript
August 3, 2023 | businesswire.com
Butterfly Network launches “Butterfly Garden” AI Marketplace for custom AI applications
August 3, 2023 | seekingalpha.com
Butterfly Network Q2 2023 Earnings Preview
August 3, 2023 | seekingalpha.com
Butterfly Network GAAP EPS of -$0.14 beats by $0.02, revenue of $18.49M beats by $0.48M
August 3, 2023 | finance.yahoo.com
Butterfly Network launches "Butterfly Garden" AI Marketplace for custom AI applications
August 3, 2023 | finance.yahoo.com
Butterfly Network Reports Second Quarter 2023 Financial Results
August 3, 2023 | finance.yahoo.com
Butterfly Network, Inc. (BFLY) Reports Q2 Loss, Tops Revenue Estimates
July 17, 2023 | finance.yahoo.com
Butterfly Network, Inc. to Report Second Quarter 2023 Financial Results on August 3, 2023
July 3, 2023 | finance.yahoo.com
Here's Why We're Watching Butterfly Network's (NYSE:BFLY) Cash Burn Situation
July 1, 2023 | seekingalpha.com
BFLY.WS Butterfly Network Inc - Warrants (27/05/2025)
June 16, 2023 | seekingalpha.com
Butterfly Network: Favoring Profits And A Possible Blueprint For AI Governance
June 5, 2023 | finance.yahoo.com
Shareholders in Butterfly Network (NYSE:BFLY) are in the red if they invested a year ago
May 12, 2023 | markets.businessinsider.com
B.Riley Financial Reaffirms Their Buy Rating on Butterfly Network (BFLY)
May 11, 2023 | msn.com
Butterfly Network: Q1 Earnings Insights
May 11, 2023 | finance.yahoo.com
Butterfly Network, Inc. (BFLY) Reports Q1 Loss, Misses Revenue Estimates
See More Headlines
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BFLY Company Calendar

Last Earnings
8/03/2023
Today
9/21/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
X - ray apparatus & tubes
Sub-Industry
N/A
Sector
Medical
Current Symbol
NYSE:BFLY
CUSIP
N/A
CIK
1804176
Web
www.butterflynetwork.com
Phone
781-557-4800
Fax
N/A
Employees
330
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.42
High Stock Price Forecast
$9.50
Low Stock Price Forecast
$2.25
Forecasted Upside/Downside
+323.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.75)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-168,720,000.00
Net Margins
-207.62%
Pretax Margin
-207.50%
Return on Equity
-48.49%
Return on Assets
-37.50%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
6.37
Quick Ratio
4.47

Sales & Book Value

Annual Sales
$73.39 million
Price / Sales
3.60
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.62 per share
Price / Book
0.79

Miscellaneous

Outstanding Shares
206,630,000
Free Float
150,533,000
Market Cap
$264.07 million
Optionable
Optionable
Beta
1.75
13 Stocks Institutional Investors Won't Stop Buying Cover
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Get This Free Report

Key Executives

  • Dr. Jonathan M. Rothberg Ph.D. (Age 59)
    Founder & Director
    Comp: $67.5k
  • Ms. Heather C. Getz CPA (Age 48)
    CPA, M.B.A., Exec. VP, CFO & COO
    Comp: $974.03k
  • Dr. Andrei G. Stoica Ph.D. (Age 50)
    Chief Technology Officer
    Comp: $993.63k
  • Mr. Joseph M. DeVivo (Age 56)
    CEO, Pres & Chairman
  • Mr. David H. Ramsey (Age 53)
    Chief Information Officer
  • Mr. Darius ShahidaMr. Darius Shahida (Age 31)
    Chief Strategy Officer & Chief Bus. Devel. Officer
  • Dr. John Martin F.A.C.S. (Age 64)
    M.B.A., M.D., Chief Medical Officer
  • Mr. John S. Soto (Age 59)
    Sr. VP of International Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













BFLY Stock - Frequently Asked Questions

Should I buy or sell Butterfly Network stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Butterfly Network in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BFLY shares.
View BFLY analyst ratings or view top-rated stocks.

What is Butterfly Network's stock price forecast for 2023?

3 equities research analysts have issued 12 month target prices for Butterfly Network's stock. Their BFLY share price forecasts range from $2.25 to $9.50. On average, they anticipate the company's share price to reach $5.42 in the next twelve months. This suggests a possible upside of 323.8% from the stock's current price.
View analysts price targets for BFLY or view top-rated stocks among Wall Street analysts.

How have BFLY shares performed in 2023?

Butterfly Network's stock was trading at $2.46 on January 1st, 2023. Since then, BFLY stock has decreased by 48.0% and is now trading at $1.2780.
View the best growth stocks for 2023 here.

Are investors shorting Butterfly Network?

Butterfly Network saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 23,740,000 shares, a decline of 6.7% from the August 15th total of 25,450,000 shares. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is presently 14.2 days. Currently, 16.0% of the company's shares are short sold.
View Butterfly Network's Short Interest.

When is Butterfly Network's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our BFLY earnings forecast.

How were Butterfly Network's earnings last quarter?

Butterfly Network, Inc. (NYSE:BFLY) issued its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.03. The firm had revenue of $18.49 million for the quarter, compared to analysts' expectations of $17.37 million. Butterfly Network had a negative trailing twelve-month return on equity of 48.49% and a negative net margin of 207.62%.

What ETFs hold Butterfly Network's stock?

ETFs with the largest weight of Butterfly Network (NYSE:BFLY) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON), ARK Genomic Revolution ETF (ARKG) and Fidelity Digital Health ETF (FDHT).Global X Internet of Things Thematic ETF (SNSR).

What guidance has Butterfly Network issued on next quarter's earnings?

Butterfly Network updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $64.00M-, compared to the consensus revenue estimate of $77.64 million.

What is Butterfly Network's stock symbol?

Butterfly Network trades on the New York Stock Exchange (NYSE) under the ticker symbol "BFLY."

Who are Butterfly Network's major shareholders?

Butterfly Network's stock is owned by many different retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (6.25%), BlackRock Inc. (5.39%), State Street Corp (3.00%), Geode Capital Management LLC (1.40%), Cetera Investment Advisers (0.68%) and Northern Trust Corp (0.59%). Insiders that own company stock include Andrei G Stoica, Darius Shahida, David Perri, Heather C Getz, Joseph Devivo, Larry Robbins, Lawrence T Weiss, Mary Miller, Stacey Pugh, Stephanie Fielding, Todd Fruchterman and Troy Quander.
View institutional ownership trends.

How do I buy shares of Butterfly Network?

Shares of BFLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Butterfly Network's stock price today?

One share of BFLY stock can currently be purchased for approximately $1.28.

How much money does Butterfly Network make?

Butterfly Network (NYSE:BFLY) has a market capitalization of $264.07 million and generates $73.39 million in revenue each year. The company earns $-168,720,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis.

How many employees does Butterfly Network have?

The company employs 330 workers across the globe.

How can I contact Butterfly Network?

Butterfly Network's mailing address is 530 OLD WHITFIELD STREET, GUILFORD CT, 06437. The official website for the company is www.butterflynetwork.com. The company can be reached via phone at 781-557-4800 or via email at investors@butterflynetwork.com.

This page (NYSE:BFLY) was last updated on 9/21/2023 by MarketBeat.com Staff

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